Business Update19 Dec 2025, 01:47 pm
Ather Energy to Incorporate Wholly Owned Subsidiary for Insurance Business
AI Summary
Ather Energy Ltd, a leading company in the electric vehicle industry, has announced its plan to incorporate a Wholly Owned Subsidiary (WOS) for offering and facilitating insurance policies in the capacity of Corporate Agent. The WOS is proposed to be incorporated in India with an initial investment of up to INR 8 Crores. This move is expected to diversify the company's revenue stream, increase insurance attach rates, and improve customer experience for the company’s customers and retail partners.
Key Highlights
- Ather Energy to incorporate a Wholly Owned Subsidiary for Insurance Business
- Initial investment of up to INR 8 Crores
- Expected to diversify revenue stream and increase insurance attach rates
- Improve customer experience for company’s customers and retail partners
- Incorporation in India